New Issue: Barclays prices $1.77 million Super Track notes tied to Apple

By Jennifer Chiou

New York, April 27 - Barclays Bank plc priced $1,771,000 of 0% Super Track notes due June 28, 2013 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If Apple shares finish at or above the initial level, the payout at maturity will be par plus three times the stock return, subject to a maximum return of 25.5%.

Investors will receive par if Apple shares fall by up to 20% and will be fully exposed to losses from the initial share price if the stock falls more than 20%.

Barclays Capital Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Super Track notes
Underlying stock:	Apple Inc. (Nasdaq: AAPL)
Amount:	$1,771,000
Maturity:	June 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any gain in Apple shares, capped at 25.5%; par for losses up to 20%; investors share fully in losses if stock falls beyond 20%
Initial price:	$610.00
Barrier price:	$488.00, 80% of initial price
Pricing date:	April 25
Settlement date:	April 30
Agent:	Barclays Capital Inc.
Fees:	1.25%
Cusip:	06738K3S8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.